Wachovia Alternative Strategies is following the lead of many large financial firms and expanding its hedge fund offerings at a dizzying pace. In recent months, the firm, which changed its name in December from Evergreen Alternative Strategies to Wachovia Alternative Strategies, has doubled the number of its hedge fund offerings, which now stand at 27.

According to Dan Flaherty, a spokesman for Wachovia, the firm currently has $1.2 billion in assets under management in its alternatives business. He declined to provide specifics about the new offerings.

Editor's Note

In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…